Title: RSO Going Bullish
Tags: RSO
Blog Entry: Resistance was established on Sept. 23, 2009 and confirmed on Jan. 11, Jan. 29 and Feb. 16, 2010. Today, RSO opened above resistance and remained above resistance throughout the trading day to close at 5.71. A secondary line of resistance formed on Dec. 21, 2009 and was confirmed on Dec. 28, 2009 and Jan 04, 2010. This line of resistance became the new line of support for RSO on Jan. 07, 2010 and the support was confirmed on Jan. 22, Feb. 05, and Feb 12, 2010. As of Feb. 17, 2010, the RSI(14)=62.39 indicating an oversold position and MTM(10)=0.26 which is above EMA(MTM)(5). The MACD(26)=0.07 with EMA(MACD)(12)=0.05 and MACD is going bullish. In my opinion, RSO is going to be making me and lots of other investors a lot of money tomorrow, and in the days to come. Get ready for another significant positive trend change, as well within the next week.
VIEW FULL VERSION: Link